News Corp (NASDAQ:NWSA) price on Thursday, May 09, rose 1.72% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $24.56.
A look at the stock’s price movement, the level at last check in today’s session was $24.14. The PE ratio in trailing twelve months stood at 67.72. Turning to its 52-week performance, $28.00 and $16.35 were the 52-week high and 52-week low respectively. Overall, NWSA moved -1.11% over the past month.
News Corp’s market cap currently stands at around $13.93 billion. The company has a Forward Dividend ratio of 0.20, with its dividend yield at 0.81%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 2.51B for the company’s revenue for the quarter, with a low and high estimate of 2.46B and 2.55B respectively. The average forecast suggests up to a 3.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 10.07B, representing a 1.90% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NWSA is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
NWSA’s current price about 1.20% and -2.87% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.39, while 7-day volatility ratio is 1.62% and 1.60% in the 30-day chart. Further, News Corp (NWSA) has a beta value of 1.36, and an average true range (ATR) of 0.54.
If we refocus on News Corp (NASDAQ:NWSA), historical trading data shows that trading volumes averaged 2.76 million over the past 3 months. The company’s latest data on shares outstanding shows there are 379.95 million shares.
The 33.75% of News Corp’s shares are in the hands of company insiders while institutional holders own 68.34% of the company’s shares. Current price change has pushed the stock 0.02% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NWSA stock continues to rise going into the next quarter.
